Hawaii’s tax collections totaled $306.5 million in November.
General fund deposits for the first five months of the fiscal year are down 2.6 percent compared to the same period last year, or by about $49 million, the Hawaii Department of Taxation said Thursday.
General excise and use taxes, the largest single category of tax collections, amounted to $160 million in November, the department said. Year to date, general excise and use taxes have decreased by 6.6 percent to $1 billion compared to $1.1 billion during the same period last year.
Director of Taxation Kurt Kawafuchi said transient accommodations tax collections were $90.8 million year to date, down 8.2 percent compared with the same period last year, reflecting the downturn in tourism.
Individual income tax collections totaled $108.8 million in November. Year to date, individual income tax collections increased 3.5 percent to $625.2 million compared to the same period last year.
Corporate income taxes are up by $2.1 million, or 8.7 percent, to $25.5 million.